The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market

Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by VMG on Friday December 08, 2017 @10:40AM (#15879403)

If you disagree with money printing, your vote will not matter. In bitcoin, the inflation schedule can be checked very easily. It doesn't matter who is creating it as long as the supply is stable and predictable.

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Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by frgtpsswrdlame on Friday December 08, 2017 @10:52AM (#15879510)

>If you disagree with money printing, your vote will not matter.

It would matter more than my (non-existent) vote in bitcoin would.

>It doesn't matter who is creating it as long as the supply is stable and predictable.

So to be clear, your problem isn't that the fed is centralized and btc is decentralized it's that btc is regular and the fed can be irregular?

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Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by VMG on Friday December 08, 2017 @11:28AM (#15879822)

> It would matter more than my (non-existent) vote in bitcoin would.

You don't have to use it though.

> So to be clear, your problem isn't that the fed is centralized and btc is decentralized it's that btc is regular and the fed can be irregular?

Both aspects are problematic. It's not only the FED that is centralized, the banking system itself is. Bitcoin is Peer-to-peer without trusted third parties.

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Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by amarkov on Friday December 08, 2017 @12:48PM (#15880436)

In Bitcoin, the number of outstanding currency units can be checked very easily.

What I care about as a consumer is being able to predict the value of my currency at future times. Bitcoin doesn't allow me to do this at all.

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Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by VMG on Friday December 08, 2017 @03:54PM (#15881967)

nothing does

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